Naira Holds Steady at N1,450 Officially, Trades at N1,374 on Parallel Market
The naira traded around ₦1,450 to the US dollar in Nigeria’s official Nigerian Foreign Exchange Market (NFEM) on Friday, November 21, 2025, while the Lagos parallel (black) market quoted the dollar between about...
The naira appreciated against the U.S. dollar on Tuesday, October 28, recording gains in both the parallel market and at the Nigerian Foreign Exchange Market (NAFEM).
CBN Sells $574m to Boost FX Market Liquidity in August
The Central Bank of Nigeria (CBN) ramped up its dollar sales in August 2025, selling a total of $574 million in a bid to stabilise the foreign exchange (FX) market amid waning inflows from key...
The strengthened naira weakened slightly against the US dollar on Friday, September 5, recording a marginal gain in both parallel and the official Nigerian Foreign Exchange Market (NAFEM).
From Fragility to Foundations: Inside Tinubu’s Political Economy, by Tanimu Yakubu
In early 2024, Nigeria’s naira collapsed to ₦1,800 per dollar, rattling households and businesses alike. By August 2025, it had strengthened to ₦1,525. For President Bola Ahmed Tinubu, this was not just recovery but...
CBN’s Forex Liquidity Push Strengthens Naira’s Stability
The Central Bank of Nigeria’s recent measures have lifted dollar liquidity in the foreign exchange market, raising hopes of a more stable naira. These reforms, coupled with rising inflows, have provided short-term relief, but sustaining the trend will...
